Global

March 17, 2018 @ 12:48 pm By Xu Gao  |  

China to Combine CBRC and CIRC According to a State Council reform plan that was presented for deliberation during the National People’s Congress on March 13, China will abolish China Banking Regulatory Commission (CBRC) & the China Insurance Regulatory Commission (CIRC). Instead, it will establish… Read More

March 16, 2018 @ 3:28 pm By JD Alois  |  

  FinTech Australia, is highlighting a report this week that points to the decline in traditional fince options (IE Banks) and the ongoing rise in SMEs using Fintech platforms to address their capital needs. The report is courtesy of the Scottish Pacific SME Growth Index, released… Read More

March 16, 2018 @ 2:14 pm By JD Alois  |  

Le Liste Noire The Autorité des Marchés Financiers (AMF) in France has published a list of blacklisted cryptocurrency exchanges. On December 1st, the AMF exapanded an existing list of erstwhile investment opportunities that needed to comply with existing regulations. Today, the AMF said cryptocurrenices will… Read More

March 16, 2018 @ 9:48 am By JD Alois  |  

Bitgrail, an Italy-based cryptocurrency exchange, was attacked several weeks back and approximately $153 million in NANO was stolen. In the ensuing weeks, an acrimonious discussion took place between Bitgrail founder and CEO Francesco Firano, team NANO and users who were impacted by the theft. The attack… Read More

March 16, 2018 @ 6:41 am By JD Alois  |  

The Bank of England, Financial Policy Committee (FPC), is out with their statement from the meeting on March 12th regarding the outlook for UK financial stability risks. Included within the statement is a comment on crypto-assets. The Bank states: The Committee recognises the potential benefits… Read More

March 15, 2018 @ 4:00 pm By John Auckland  |  

HMRC’s new stricter guidelines around their Seed Enterprise Investment Scheme / Enterprise Investment Scheme (SEIS / EIS) may worry some crowdfunding campaigners, but there is a silver lining. SEIS and EIS, both startup investment tax relief schemes, protect up to 80% of your investment into… Read More

March 15, 2018 @ 2:17 pm By JD Alois  |  

Innovate Finance, an association that represents the UK’s global Fintech community, has recently published a collection of article discussing the growing sector of innovative finance. Said to be an inaugural publication, the document includes submissions from a selection of “influencers” and “innovators.” The collection is… Read More

March 15, 2018 @ 12:47 pm By Erin Hobey  |  

Updates from the Blockchain Leadership Summit held in Zurich, Switzerland, indicate broadening interest in blockchain from traditional financial sector as well government agencies and country leaders. Hosted by INNMIND, global platform for startups and investors, and supported by KICKICO global fundraising platform, the forum gathered… Read More

March 15, 2018 @ 11:13 am By Erin Hobey  |  

Dash, a digital currency for payments, has partnered with Payza, an international online payment provider, to reach over 13 million users in 190 countries. The partnership allows users to send and receive Dash to and from other Payza users, spend it at 100,000 e-commerce retailers,… Read More

March 15, 2018 @ 10:01 am By JD Alois  |  

Executing on its revamped strategic mission, Long Blockchain Corp. (Nasdaq: LBCC) has entered into a definitive agreement to acquire Hashcove Limited, a UK-based technology company focused on developing scalable Blockchain  or distributed ledger technology. According to Long Blockchain, Hashcove is developing tokenized platforms, crypto-exchanges and… Read More

March 15, 2018 @ 8:59 am By JD Alois  |  

Following in the footsteps of the European Commission’s Fintech Roadmap, the European Banking Authority (EBA) has released its opinion as to how to best foster and promote Fintech adoption. The EBA’s Fintech Roadmap is the result of a recent consultation as to how the Authority… Read More

March 15, 2018 @ 8:38 am By Erin Hobey  |  

Payments platform Adyen has launched of its point of sale (POS) offering in Singapore, extending its unified commerce footprint to 27 countries and more than 4,000 cities. Highlighting the potential of Adyen’s growth in the point of sale space, new clients include ASICS, Schuh, Lush, City… Read More

March 15, 2018 @ 8:31 am By JD Alois  |  

Frankfurt, Germany based Robo-Advisor Ginmon has hired Dmitriy Fot as CTO. Fot previously worked as a cloud architect at Amazon Web Services (AWS) Germany. Ginmon says the appointment of a high profile expert for a Fintech company is quite rare. Ginmon’s mission is to provide investors… Read More

March 15, 2018 @ 8:17 am By JD Alois  |  

LendInvest, a UK based online marketplace platform for property finance, has announced a proposed issuance of  5.375% fixed rate bonds due October 2023 by its wholly-owned subsidiary, LendInvest Secured Income plc. Christian Faes, Co-founder and CEO of LendInvest Limited, said they were delighted to return… Read More

March 15, 2018 @ 3:00 am By JD Alois  |  

Digital challenger bank Revolut has announced EUR Direct Debits or European customers thus facilitating direct debits for automated payments. The traditional bank alternative now facilitates easy monthly payments such as  phone bills, utilities and other regular services. Revolut points out they already allow European customers… Read More

March 15, 2018 @ 2:20 am By JD Alois  |  

Luxembourg is the most recent country to issue a warning to consumers regarding the hazards of initial coin offerings and virtual currencies. The Commission de Surveillance du Secteur Financier (Financial Sector Supervisory Commission) has issued an almost perfunctory statement. In two separate documents, the CSSF… Read More

March 14, 2018 @ 10:06 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and the Bank of Lithuania have agreed to collaborate and mutually support the development of the Fintech ecosystems and encourage financial innovation between the two countries. Today, MAS and the Bank signed a Fintech Co-operation Agreement during the Money… Read More

March 14, 2018 @ 9:27 am By JD Alois  |  

In the early days of investment crowdfunding, many individuals assumed that most capital raised would go mainly to seed funding rounds. Startups that have a choice to bootstrap or raise equity capital from angel investors or risk taking VCs. But today, this is not the… Read More

March 14, 2018 @ 7:52 am By JD Alois  |  

Crowdfunding platform Crowd for Angels has shared that it is making progress in advancing its “Liquid Crypto Bond” issue and Initial Coin Offering (ICO) of its ANGEL tokens. As Crowdfund Insider previously reported, Crowd for Angels is looking to raise up to £50 million through… Read More

March 14, 2018 @ 7:32 am By JD Alois  |  

Coinbase, one of the largest cryptocurrency exchanges in the world, has received an e-money license from the UK Financial Conduct Authority (FCA). This will enable Coinbase to offer payments in the UK while supporting the UK’s Faster Payments Scheme. Simultaneously, Coinbase has partnered with Barclays… Read More